Tag: Andrew Tan

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Alliance Global boosts growth with P59B investment

Alliance Global Group Inc., the holding firm of tycoon Dr. Andrew L. Tan, is ramping up its capital spending this year to a record P59 billion, reaffirming its long-term growth strategy across key sectors including real estate, leisure, tourism, and consumer goods.

Global expansion fuels Emperador earnings

Emperador Inc., the liquor unit of tycoon Andrew Tan, reported a 6.5 percent increase in first quarter net income to P1.85 billion on the back of an aggressive global expansion across key liquor markets.

Emperador eyes 2025 recovery with shift to budget brandy amid global headwinds

Emperador Inc., the liquor unit of billionaire Andrew Tan’s Alliance Global Group, is repositioning its brandy portfolio toward the lower-priced segment in a bid to recover from a difficult 2024, where net income dropped sharply on the back of weakening global demand and continued investment spending.

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AboitizPower sets P62B capex for 2026, focuses on renewables and battery storage

Aboitiz Power Corporation (AboitizPower) and its partners have earmarked P62 billion in capital spending for 2026, with most of the funds going to renewable energy projects and battery energy storage systems (BESS).

AEV keeps guarded optimism for challenging 2026 

Aboitiz Equity Ventures is heading into 2026 with what it calls cautiously optimistic expectations, even as storm clouds gather over the broader economy.

Aboitiz Equity Ventures outlines 2026 investment plan, growth strategy

Aboitiz Equity Ventures (AEV), the Aboitiz Group’s main investment arm, said it is continuing its long-term expansion and value-building plans for 2026, supported by a more diversified portfolio and a strong financial position.

Diesel, kerosene prices drop further; fuel supply improves — DOE

The Department of Energy on Monday (DOE) announced mixed fuel price changes this week, with gasoline prices rising slightly while diesel and kerosene will see significant cuts.

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